Temenos AG (XSWX:TEMN)
CHF 56.9 -0.2 (-0.35%) Market Cap: 4.12 Bil Enterprise Value: 4.63 Bil PE Ratio: 34.45 PB Ratio: 6.34 GF Score: 82/100

Q1 2020 Temenos AG Earnings Call Transcript

Apr 14, 2020 / 06:00AM GMT
Release Date Price: CHF120 (+1.78%)
Operator

Ladies and gentlemen, welcome to the Temenos Q1 2020 Results Update Conference Call and Live Webcast. I am Alessandro, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. The presentation will be followed by a Q&A session. (Operator Instructions) The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Max Chuard, CEO. Please go ahead, sir.

Max Chuard
Temenos AG - CEO & Member of the Executive Committee

Good morning, and thank you for joining today's call at such a short notice. I hope you've been able to access our results presentation on our website. As you are aware, this morning, we have preannounced our Q1 2020 results. I will start with some comments on our Q1 performance, and then I will hand over to Takis for an overview of the financials, before giving some concluding remarks.

Starting on Slide 7. Our new licenses this quarter have been significantly impacted by the evolving COVID-19 crisis. Total software licensing was down 26% in Q1 due to a

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